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#2256256 - 07/02/21 11:42 AM eSIGN - same or new consent for renewal docs?
Banker K, CRCM Offline
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Joined: Jan 2010
Posts: 284
Oklahoma
Hello, we have a TRID loan where the customer followed the eConsent requirements under eSIGN. The loan is now renewing to increase the loan amount, and TRID is triggered again. Does the customer have to follow eConsent requirements again, or does the original eConsent count toward our renewal TRID docs? (Hope this made sense).
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#2256259 - 07/02/21 12:29 PM Re: eSIGN - same or new consent for renewal docs? Banker K, CRCM
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 77,016
Galveston, TX
It will all depend on your original E-Sign consent agreement and whether or not it is written broadly enough to cover successive transactions.
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#2256293 - 07/03/21 12:41 AM Re: eSIGN - same or new consent for renewal docs? Banker K, CRCM
Richard Insley Offline
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Richard Insley
Joined: Oct 2000
Posts: 9,987
Toano, VA
Also, to take it a step farther--if you discover that your original consent agreement isn't broad enough to cover the current need, then this is justification for amending it to be more flexible.
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